Massachusetts Senator calls for investigation into Herbalife

BOSTON Jan 23 Massachusetts Senator Edward
Markey is asking for more information about the business
practices of nutrition company Herbalife, which has been
accused of running a pyramid scheme by prominent hedge fund
manager William Ackman.

Markey sent letters to the Securities and Exchange
Commission, the Federal Trade Commission and to Herbalife itself
to try an obtain more information, his office said in a news
release on Thursday.

Next In Financials

NEW YORK, Dec 9 A private U.S. regulator
launched a hotline on Friday to hear from ex-Wells Fargo & Co
employees who were fired for allegedly opening
unauthorized accounts after news reports that the bank may have
retaliated by terminating whistleblowers in the scandal.

Dec 9 A former Cantor Fitzgerald trader has been
indicted on charges that he defrauded investors by lying about
the price of mortgage bond transactions he handled for them
after the financial crisis, U.S. prosecutors said on Friday.